PRICING AGREEMENT
Exhibit 1.4
March 2, 2011
Xxxxxxx, Xxxxx & Co.
Citigroup Global Markets Inc.
As Representatives of the several Underwriters
named in Schedule I hereto
Citigroup Global Markets Inc.
As Representatives of the several Underwriters
named in Schedule I hereto
c/o Goldman, Sachs & Co.
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Citigroup Global Markets Inc.
000 Xxxxxxxxx Xxxxxx,
Xxx Xxxx, Xxx Xxxx 00000
000 Xxxxxxxxx Xxxxxx,
Xxx Xxxx, Xxx Xxxx 00000
Ladies and Gentlemen:
ALICO Holdings LLC, a Delaware limited liability company (the “Selling
Securityholder”), proposes, subject to the terms and conditions stated herein (this
“Agreement”) and in the Underwriting Agreement, dated March 2, 2011 (the “Underwriting
Agreement”), among MetLife, Inc., a Delaware corporation (the “Company”), American
International Group, Inc., a Delaware corporation (“AIG”), the Selling Securityholder and
the Underwriters named in Schedule I hereto (the “Underwriters”), to sell to the
Underwriters the total number of the Company’s common equity units specified in Schedule I hereto
(the “Securities”) at the purchase price per share specified in Schedule II hereto.
Each of the provisions of the Underwriting Agreement is incorporated herein by reference in
its entirety, and shall be deemed to be a part of this Agreement to the same extent as if such
provisions had been set forth in full herein; and each of the representations and warranties set
forth therein shall be deemed to have been made at and as of the date of this Agreement, the
Applicable Time and the Closing Date. Each reference to the Representatives herein and in the
provisions of the Underwriting Agreement so incorporated by reference shall be deemed to refer to
you. Unless otherwise defined herein, terms defined in the Underwriting Agreement are used herein
as therein defined. The Securities shall be considered Securities under the Underwriting
Agreement. The Representatives designated to act on behalf of the Representatives and on behalf of
each of the Underwriters of the Securities pursuant to the Underwriting Agreement and the address
of the Representatives are set forth at the end of Schedule II hereto.
Subject to the terms and conditions set forth herein and in the Underwriting Agreement
incorporated herein by reference, the Selling Securityholder agrees to sell and
deliver to each of the Underwriters, and each of the Underwriters agrees, severally and not
jointly, to purchase from the Selling Securityholder, at the time and place and at the purchase
price to the Underwriters set forth in Schedule II hereto, the number of Securities set forth
opposite the name of such Underwriter in Schedule I hereto. The date of the issuance, sale and
delivery of the Securities is the “Closing Date” set forth on Schedule II hereto and such
date shall be considered a Closing Date under the Underwriting Agreement.
If the foregoing is in accordance with your understanding, please sign and return to us
counterparts hereof, and upon acceptance hereof by you, on behalf of each of the Underwriters, this
letter and such acceptance hereof, including the provisions of the Underwriting Agreement
incorporated herein by reference, shall constitute a binding agreement between each of the
Underwriters, the Company, AIG and the Selling Securityholder. It is understood that your
acceptance of this letter on behalf of each of the Underwriters is or will be pursuant to the
authority set forth in a form of Agreement among Underwriters, the form of which shall be submitted
to the Company, AIG and the Selling Securityholder for examination upon request, but without
warranty on the part of the Representatives as to the authority of the signers thereof.
[Signature pages follow]
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Very truly yours, METLIFE, INC. |
||||
By: | /s/ Xxxxxx X. Xxxxxxx | |||
Name: | Xxxxxx X. Xxxxxxx | |||
Title: | Senior Vice President and Treasurer | |||
[Signature Page to Equity Units Pricing Agreement]
AMERICAN INTERNATIONAL GROUP, INC. |
||||
By: | /s/ Xxxxx X. Xxxxxxxxx | |||
Name: | Xxxxx X. Xxxxxxxxx | |||
Title: | Executive Vice President – Treasury and Capital Markets |
|||
ALICO HOLDINGS LLC |
||||
By: | /s/ Xxxxx X. Xxxxxxxxx | |||
Name: | Xxxxx X. Xxxxxxxxx | |||
Title: | Manager | |||
[Signature Page to Equity Units Pricing Agreement]
Accepted as of the date hereof
on behalf of each of the Underwriters:
on behalf of each of the Underwriters:
XXXXXXX, XXXXX & CO. | ||||
By: |
/s/ Xxxxxxx, Sachs & Co. | |||
[Signature Page to Equity Units Pricing Agreement]
CITIGROUP GLOBAL MARKETS INC.
By: | /s/ Xxxxx Xxxxxx | |||
Name: | Xxxxx Xxxxxx | |||
Title: | Citigroup Global Markets Inc. Vice President | |||
[Signature Page to Equity Units Pricing Agreement]
SCHEDULE I
TO PRICING AGREEMENT
TO PRICING AGREEMENT
Total Number of | ||||
Securities to be | ||||
Purchased from ALICO | ||||
Underwriters | Holdings LLC | |||
Xxxxxxx, Sachs & Co. |
10,700,000 | |||
Citigroup Global Markets Inc. |
8,000,000 | |||
Credit Suisse Securities (USA) LLC |
3,800,000 | |||
Barclays Capital Inc. |
2,500,000 | |||
Deutsche Bank Securities Inc. |
2,500,000 | |||
X.X. Xxxxxx Securities LLC |
2,500,000 | |||
Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated |
2,500,000 | |||
Xxxxxx Xxxxxxx & Co. Incorporated. |
2,500,000 | |||
UBS Securities LLC |
2,500,000 | |||
Xxxxx Fargo Securities, LLC |
2,500,000 | |||
Total |
40,000,000 | |||
I-SI-1
SCHEDULE II
TO PRICING AGREEMENT
TO PRICING AGREEMENT
Underwriting Agreement, dated March 2, 2011
Registration Statement No. 333-170876
INITIAL PRICE TO THE PUBLIC: $82.88
PURCHASE PRICE BY UNDERWRITERS: $82.4656
NUMBER OF SECURITIES TO BE PURCHASED
FROM ALICO HOLDINGS LLC: 40,000,000
PARTIES TO LOCK-UP AGREEMENTS:
C. Xxxxxx Xxxxxxxxx
Xxxxx X. Xxxx
Xxxxxxxx Xxxxxx
Xxxxxx X. Xxxxxxxxx
Xxxxxxxx X. Xxxxxxxx
Xxxxx X. Xxxxxx
Xxxxxxx X. Xxxxxxxx
Xxxxxxx X. Xxxxxxx
Xxxxxxx X. Xxxxxxx
Xxxxxx Xxxxxxx Xxxxxxx
Xxxxxxx Xxxxxx-Xxxxxx
Xxxxxx X. Xxxxx
R. Xxxxx Xxxxxxx
Xxxx X. Xxxxx
Xxxxxx X. Xxxxx, Xx.
Xxxxx X. Xxxxx
Xxxxxxxxx X. Xxxxxx
Xxxx X. Xxxxx
Xxxxx Xxxxxxx, M.D.
Xxxxxx X. Xxxxxxxxxx
Xxxx X. Xxxx
CLOSING DATE: March 8, 2011
TIME OF CLOSING DATE: 10 A.M.
LOCATION OF CLOSING DATE: the offices of Xxxxx & XxXxxxx LLP, 0000 Xxxxxx xx xxx Xxxxxxxx, Xxx
Xxxx, XX 00000
REPRESENTATIVES:
|
Xxxxxxx, Sachs & Co. | |
Citigroup Global Markets Inc. |
I-SII-B-1
ADDRESSES FOR NOTICES, ETC.:
IF TO THE REPRESENTATIVES:
Xxxxxxx, Xxxxx & Co.
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Registration Department (Facsimile: 212-902-9316)
Citigroup Global Markets Inc.
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: General Counsel (Facsimile: 212-816-7912)
IF TO THE COMPANY:
MetLife, Inc.
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: General Counsel
IF TO AIG OR THE SELLING STOCKHOLDER:
American International Group, Inc.
00 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: General Counsel
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